Premium Vineyard Company UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09307058 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

PREMIUM VINEYARD COMPANY UK LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M P J F Perrin

Mr A D Bayley

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

09307058 (England and Wales)

AUDITORS:

Xeinadin Audit Limited, Statutory Auditor

Chartered Accountants

Maple House, Level 5A

149 Tottenham Court Road

London

W1T 7NF

FIXED ASSETS

Tangible assets

4

44,896

53,171

Investments

5

106,051

150,947

159,222

CURRENT ASSETS

Stocks

490,093

361,987

Debtors

6,806,788

3,865,048

Cash at bank

7,106,330

7,929,387

14,403,211

12,156,422

CREDITORS

Amounts falling due within one year

4,230,390

4,133,167

NET CURRENT ASSETS

10,172,821

8,023,255

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,323,768

8,182,477

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

10,323,767

8,182,476

SHAREHOLDERS' FUNDS

10,323,768

8,182,477

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

Mr M P J F Perrin - Director

1.	STATUTORY INFORMATION

Premium Vineyard Company UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Premium Vineyard Company UK Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors,including expectations of future events that are believed to be reasonable under the circumstances.

The items in the financial statements where these judgements and estimates have been made include:

- the provision required for any bad or doubtful debts,

- impairment for any intercompany balances,

- assessing the useful economic lives attributed to tangible fixed assets used to determine the annual depreciation charge.

- the provision required for obsolete and slow moving stock.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. The company assesses at each reporting date whether tangible fixed assets are fully impaired.

Depreciation methods, useful lives and residual values are reviewed if there is an indication of a significant change since last annual reporting date in the pattern by which the company expects to consume an asset's future economic benefits.

Investments in subsidiaries and associates

Investments in subsidiaries are measured at cost less accumulated impairment.

At each balance sheet date, investments are assessed for impairment. The carrying values of fixed asset investment are reviewed for impairment where events or changes in circumstance indicate the carrying value may not be recoverable.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is determined on a first in, first out basis and includes all costs of purchase and other costs incurred in bringing the stocks to their present location and condition. Net realisable value is based on the estimated selling price less the estimated costs to complete and costs to sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Financial instruments

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The directors have made this assessment in respect to a period of one year from the date of approval of these accounts.

The directors have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors are of the opinion that the company will have sufficient resources to meet its liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2024

85,595

Additions

6,694

At 30 November 2025

92,289

DEPRECIATION

At 1 December 2024

32,424

Charge for year

14,969

At 30 November 2025

47,393

NET BOOK VALUE

At 30 November 2025

44,896

At 30 November 2024

53,171

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 December 2024

and 30 November 2025

105,924

NET BOOK VALUE

At 30 November 2025

105,924

At 30 November 2024

105,924

Cost or valuation at 30 November 2025 is represented by:

Totals

£

Cost

105,924

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

Other investments

127

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nicola McGuffie FCCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited, Statutory Auditor

7.	CONTINGENT LIABILITIES

There were no contingent liabilities at either the beginning or the end of the financial year.

8.	CAPITAL COMMITMENTS

The company has no capital commitment at 30 November 2025 and 30 November 2024.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

Mr M P J F Perrin

Balance outstanding at start of year

1,153

674

Amounts advanced

1,020

1,153

Amounts repaid

(1,153

)

(674

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

1,020

1,153

Mr M P M J Perrin

Balance outstanding at start of year

-

5,948

Amounts repaid

-

(5,948

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the company owed £474 (2024 - £474) to Veritable Negociant GmBH a company incorporated in Germany and connected by virtue of common directors and shareholders.

At the balance sheet date, the company was owed £1,557,924 (2024 - £1,421,158) by SCI Quatro, £1,526,204 (2024 - £1,511,094) by SCI Trio and £85,000 (2024 - £85,000) by Distillerie de la Rviera, companies connected by virtue of common directors and shareholders.

11.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

12.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary undertaking of Perrin & Fils SAS, a company incorporated and domiciled in France.

The largest and smallest group in which the company is consolidated is headed by Perrin & Fils SAS. Consolidated financial statements are prepared by Perrin & Fils SAS and are available from its registered office in France.